Sat, 25 May 2024 Today's Paper

Climate change to cost world economy US$ 38 trillion

18 April 2024 05:22 pm - 2     - {{hitsCtrl.values.hits}}


The global annual damage caused by climate change is estimated to be 38 trillion dollars until the year 2050, a study by a German research institute has found.

According to scientists at the Potsdam Institute for Climate Impact Research (PIK) ‘the world economy is already committed to an income reduction of 19 percent until 2050, even if CO2 emissions were to be drastically cut immediately.

South Asia and Africa are listed as regions that will experience the strongest income reductions due to climate change. The damages will be primarily caused by impacts on agricultural yields, labor productivity or infrastructure, the study further elaborated.

  Comments - 2

  • Ruwan Thursday, 18 April 2024 07:15 PM

    It’s not per Annum. It’s for the period !!!

    Gt Friday, 19 April 2024 01:26 AM

    Major polluting countries should be taxed for how much they pollute, that money should go to find and implement ways of slowing or reversing global warming, but countries like America who deny climate change because they are one of the worst polluters, don't care money Is all they care about

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